New Car Sales Set to Drop
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New-vehicle sales are expected to fall 4 percent year-over-year to a total of 1.275 million units in February, according to Cox Automotive.The SAAR for February is estimated to be 16.7 million, down from 17.1 million in January and from 17.3 million in February 2017. Fleet sales are generally higher in February and as a result retail sales are expected to account for 81 percent of volume. There were 24 selling days in February 2018, the same number as in February 2017.